Heineken said it would pay $14 per share for the remaining stake; the same price it paid per share in 2002 when the company bought 20,035,480 shares in ABC. The total acquisition price was $280 million.

Founded in 1897, ABC was wholly privatized in February 1997 and is today the only brewery group in Egypt. With a beer volume of around 430,000 hectolitres, ABC produces the pilsner beer brand Stella and non-alcoholic malt beverages. — (menareport.com)